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CORZ

Core Scientific's stock surged as the Federal Reserve announced a 50 bps interest rate cut, boosting risk assets like stocks and cryptocurrencies. The stock hit an intraday high of $12.48 and closed up 4.79% at $12.03. The company plans to expand its AI data center services, potentially increasing its valuation significantly.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 9:28 pm

AAPL

HNHPF

Apple shares rose by 1.80% following the Federal Reserve's unexpected 50 basis points rate cut, which signals a shift in economic policy. Meanwhile, Foxconn, a key Apple supplier, is advancing in the EV market with new investments and prototypes.

Portfolio Pulse from Vaishali Prayag

September 18, 2024 | 9:20 pm

INCY

SNDX

Incyte and Syndax have announced the publication of data from the pivotal AGAVE-201 trial of Niktimvo, which met its primary endpoint across all cohorts. This is a significant milestone for both companies.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:20 pm

NOC

Northrop Grumman reports progress in the B-21 Raider program, highlighting advancements in the flight test campaign and scaling into production.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:18 pm

AILE

iLearningEngines has formed a strategic alliance with GenLab Ventures to accelerate digital transformation for global multinationals using Generative AI. The focus will be on regions including Japan, India, the Middle East, and the Americas.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:09 pm

ALGS

Aligos Therapeutics is set to release topline results from its Phase 2a HERALD study of ALG-055009, targeting metabolic-dysfunction associated steatohepatitis (MASH). This development could impact the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:03 pm

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) stock has declined by 4% in the last 30 days amid volatility following Nvidia's earnings report. The semiconductor sector, represented by ETFs like SMH and SOXX, also saw declines. Despite geopolitical tensions and a sector selloff, TSM is focusing on AI accelerator growth and localizing neon gas production. TSM reported 33% topline growth in August 2024, driven by smartphone market recovery and Nvidia AI chip demand. Key wins include deals with Google and Apple.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 8:45 pm

SOFI

SoFi Technologies Inc. (NASDAQ:SOFI) experienced heavy trading as the Federal Reserve announced its first interest rate cut in four years, reducing the federal funds rate by 50 basis points. SoFi's stock initially spiked but closed slightly down. The company could benefit from lower rates across its diversified financial offerings.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 8:30 pm

KTOS

SPY

Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares hit new 52-week highs due to a $79.8 million U.S. Air Force contract and a broader market boost from a Federal Reserve rate cut. The contract could reach $374.04 million if all options are exercised.

Portfolio Pulse from Adam Eckert

September 18, 2024 | 8:23 pm

SPRC

SciSparc shares rose following the submission of an IND application to the FDA for a Phase IIb trial of SCI-110, aimed at treating Tourette syndrome.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:12 pm